View more on these topics

The investment climate is changing as Jupiter and Schroders add green funds

Schroders and Jupiter are tapping into the growing demand for green funds with both set to bring climate change funds to the market.

The Schroders global climate change fund launches in September while Jupiter is adding a sterling share class to its Luxemburg-domiciled climate change solutions fund.

Jupiter is also proposing a £75m C-share issue on its Green Investment Trust, which launched last year.

The Schroders fund will be run by Simon Webber and Andrew Franklin and will invest in 50 to 80 stocks across five themes of energy efficiency, low-carbon fossil fuels, clean energy, sustainable transport and environmental resources.

Schroders CIO Alan Brown says the fund differs from socially responsible investment funds as the firm sees climate change as the biggest investment theme for the next 20 years, expanding into all market sectors, except for banks and healthcare.

He says: “We have reached a tipping point where both political and public opinion has been rife. The Government and the consumer have both become willing to do something about it.”

However, Schroders will not be launching a UK version of its alternative solutions Luxemburg Sicav which is managed by Rodolphe Roche as the FSA has not given approval due to its big exposure to commodity futures.

Managing director Robin Stoakley says: “With 92 per cent of the fund in futures, it is unlikely that we will be able to launch a UK version of the fund unless the FSA changes its position.”


Altmann welcomes Lords vote

Pensions consultant Ros Altmann has welcomed this week’s House of Lords vote on the Pensions Bill, saying victims now look more likely to be eligible for 90 per cent minimum protection.

Aegon Scottish Equitable extends life cover to age 75

Aegon Scottish Equitable has increased its group life cover to age 75 after the FSA’s abolition of the Age 70 rule came into force yesterday. The FSA Board voted to scrap the Age 70 rule, which restricts the sale of policies maturing beyond age 70 to Cob advisers, in April this year so, as of […]

Equitable wraps up University Life sale

Equitable Life has completed the sale of its subsidiary University Life Assurance Society to Reliance Mutual.Equitable says the sale, which was announced on December 20, 2006, will benefit its policyholders by removing the costs associated with University Life.University Life will become a wholly-owned subsidiary of Reliance Mutual, which specialises in the administration of small closed […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm